TIPS TO FOLLOW BEFORE INVESTING IN CRYPTOCURRENCIES

1. TIPS TO FOLLOW BEFORE INVESTING IN CRYPTOCURRENCIES What are the factors to consider before investing in Kryptos? Do you want to invest in cryptocurrencies? You need to take into account some criteria before putting your money. If you do this without thinking, you run the risk of losing your investment. The world of cryptocurrencies is vast. It doesn't stop at Bitcoin or blockchain. To expect more investment, you need to do a minimum of training and use common sense. Through these various tips, we provide a step-by-step guide to making your first investment. Let's take a closer look at all the important points that you need to pay attention to before depositing money to buy cryptocurrencies. 1. Invest only the money you can lose One of our first tips is about investing in cryptocurrencies. You only need to invest the money you are willing to lose. It should be the money you don't need in your daily life. If you lose that money, it shouldn't affect your life. Never put in the last 300 euros left in your bank account. Don't take a consumer loan to invest. You are the only master of your decision, but these tips should not be underestimated. Investing in cryptocurrencies can need to be very patient. Bitcoin and cryptocurrency prices are said to be very volatile. But this is not always true. For example, the Bitcoin curve will be very flat in the second half of 2018 ... so you can make profits / losses as fast as your wallet stagnates for months. If the market is not good, the return on investment can be longer than expected. After that, it will inevitably go through the stage of loss. If you need this money to live, the reasons are: 1. Withdraw your investment due to dry loss. 2. Your morale can have a significant impact on your daily life. 3. You try to start over by doing irrational things, and you amplify your loss. So you just have to bet the money you can afford to lose. In this way, you do not act under the influence of emotions, away from your investment. Therefore, the adverse effects just mentioned are much less likely to occur. 2. Investigate the target in advance As a second tip, we recommend that you do a minimum of training before considering investing in cryptocurrencies. Do you really want to invest in a theme you don't know at all, even if some people recommend you to deposit? Do you blindly trust people without due diligence? Here are some examples to create similarities with other more traditional investments: 1. Are you sure you want to buy without visiting your apartment or home?

2. 2. Would you like to buy a used car without documents? 3. Would you like to get an annual gym membership without looking at the appearance of the gym or the services it offers? If the answer to these questions is no, then you should also educate yourself about cryptography before investing money. Obviously, there is no doubt that you will become an expert cryptocurrency before you start investing. But give yourself some time to get a rough idea of what the environment is like. For this, you can browse our site, there are many free articles out there to help you as much as possible to better control the subject 3. Diversify investment After the first two pre-investment tips, the third tip focuses on diversification. This concept is important in many aspects of your life and is also valid for cryptocurrencies. If you have the money to invest, you need to be aware of the saying that you shouldn't put all your eggs in one basket. If the basket falls to the ground, it will break all the eggs and lose everything. If you divide 10 eggs evenly into 5 baskets, you will only lose 2 eggs. Therefore, it is appropriate to apply the same reason for investment. It should be split as follows: • Some are real estate. • Other actions. • Join cryptocurrency. Similarly, the part about your investment must follow this principle. You need to diversify your investment through different cryptocurrencies. The goal is to maximize risk.